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Sharjah FDI Forum hits 5-year milestone

Published : Monday, 21 October, 2019 at 12:00 AM  Count : 39

Oct 20: Over 1,000 regional and global leaders in business and economy are expected to gather next month at the fifth edition of the Sharjah FDI Forum to discuss trends that will drive the future of foreign investments in the UAE and the region, training light on how development and strategies can continue to maximise benefits at a time the global economy undergoes radical transformations.
The event, which will be held on November 11 and 12, has chosen the theme 'Future Trends in Foreign Direct Investment' and seeks to promote policy and investment discussions, which will offer a strong push to sustainable development, responsible investments and inclusive global growth.
Despite trade barriers and geopolitical tensions, FDI flows to the UAE Emirates remained largely unchanged in 2018, at $10 billion, according to World Investment Report 2019 from the Unctad. The economy is projected to grow 3.3 per cent in 2020 supported by a strong 4 per cent non-oil growth projected for that year, according to the IMF.

The understanding that increased FDI flows are critical to the sustainable development of any country - reflected in the UAE government's 2018 FDI law, which projects an increase investment flows by up to 20 per cent this year, or, Sharjah's strategic efforts to become a top FDI destination by diversifying its economy which it has done successfully as no economic sector contributes more than 20 per cent to its GDP - formed the basis for an FDI gathering in the emirate of Sharjah to bring the region together on one stage to share experiences and discuss best practices.      -Khaleej Times

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